6 Dec 2009

How to deal with paid budget cuts

I've just realised that it's already been a month since my last post, I definitely need to make a better job of writing...but with xmas coming, not sure how this is gonna go...oh well, there are always new year's resolutions.

Alright, today's post is going to be about something that most marketers dealing with paid search campaigns will know, especially during a recession; budget cuts.
As you probably already know if you're running ppc campaigns with Google Adwords, Yahoo search marketing or Bing, changes in any elements of the campaigns can have a very big impact on results, so here are a few tips to make your reduced budgets go further:
  • Whatever you do, do not pause your campaigns - Google especially likes consistency, so it is always best to avoid stopping campaigns as it could take you months to rebuild history and raise your quality score again. Even running a very minimal budget is better than stopping everything.
  • Bid on brand terms - although many people may question the fact of bidding on your own name, results are very often showing that brand terms /keywords are some of the bets performing ones. And they are cheap, especially if you've trademarked your name, so go ahead and use your name. This will also help you display results in both paid and organic rankings for the same search, increasing customer confidence.
  • Focus on top converting keywords - This is a bit of an obvious one, but if you lack budget, make sure you bid on keywords that have converted for you in the past (conversions being sales, sign ups or whatever other metric you use for performance).
  • Look at visitors click path if available - I know this is not really easy to get, but if you can, find out which keywords your users have searched during their research. The keyword they converted from may not be the one they searched for the initial phase of their product research. Visitors may initially use a very generic keyword and as they learn about what they really want, they will tend to use more specific, long tail keywords. Knowing the click path will help you bid for these all important initial search terms.
  • Optimise your landing pages - Again this should be standard practice, but make sure your campaigns are as optimised as possible, from keywords, to creatives to landing pages. The more relevant the search keyword is to your creative and your landing page, the higher your quality score will be. This in turn will have an impact on your ads rankings.
  • Look at your competitors - look at what your competitors are bidding on and if need be, bid on their brand terms. Remember that you cannot use your competitors' brand in your creatives if they are trademarked, but nothing stops you from displaying a creative by bidding on their search terms.
  • Use common sense - as in everything SEO related, use common sense when managing your paid campaigns, and as the market recovers, so will your budgets.

Enjoy your Sunday